Home REIT PLC (GB:HOME) has released an update.
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Home REIT PLC has successfully exchanged 152 properties at recent auctions, generating £26.8 million, which will contribute to repaying their £72 million loan from Scottish Widows by the end of the year. Since August 2023, the company has sold and exchanged properties worth a total of £243.3 million, aligning with recent valuations. This strategic move highlights Home REIT’s commitment to financial stability and reflects positively on their property management strategy.
For further insights into GB:HOME stock, check out TipRanks’ Stock Analysis page.
